Storefront Retail Residential Condo For Sale • 2,000 SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 2nd Floor - Unit Second Flo | Office | 2,000 SF | $2,495,000 USD | |
DescriptionHighly desirable 2,000 SF second-floor commercial office condominium in the heart of East Hampton Village. Offered at $2,495,000, this fully built-out, turn-key asset delivers an immediate $150,000 NOI at a strong 6% Cap Rate with stable tenant income. Exceptional investment or owner-user opportunity with premier visibility and dedicated parking at 55 Newtown Lane / 110 Park Place. |
||||
Prime Village Location — Situated on Newtown Lane in the core of East Hampton Village's business district, this fully renovated commercial condominium offers a rare opportunity to acquire a stabilized investment in one of the Hamptons' most sought-after commercial corridors. Steps from the Village's marquee retail, dining, and services, the location supports consistent occupancy and enduring value. Turnkey Configuration with Modern Finishes — The property comprises eight private office units sharing a central kitchen and two bathrooms, creating an efficient, collaborative environment for professionals. Each office has been thoughtfully upgraded with high-quality finishes & built-in furnishings — a clean, contemporary aesthetic with broad tenant appeal. Proven Income with Long-Term Stability — With minimal historical vacancy and net operating income of approximately $150,000 per year, the offering presents a reliable, low-maintenance investment in a supply-constrained market. Whether held for stabilized income or restructured for owner-occupancy, the East Hampton Village office market offers sustained tenant demand and exceptional fundamentals. In Good Company - Newtown Lane neighbors include Brunello Cucinelli, Zimmermann, Chanel, Louis Vuitton, Eric Emanuel, Capital One Bank, Cittanuova, Amber Waves, and Verizon. Asking Price: $2,495,000 Contact the Hamptons Commercial RE Team for additional information. Offered as a commercial condominium (second-floor office). Common charges and additional financial detail available on request.
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| East Hampton Station (Montauk Branch - Long Island Rail Road) | 1 min | 7 min | 0.4 mi |
| Amagansett Station (Montauk Branch - Long Island Rail Road) | 7 min | - | 3.2 mi |
| Transit/Subway | Drive | Walk | Distance |
| East Hampton Station (Montauk Branch - Long Island Rail Road) | 1 min | 9 min | 0.4 mi |